§ 19-13-1. Proclamation of emergency.
The governor may proclaim that a banking emergency exists when it appears necessary to protect the public and the interests of those regulated institutions or of the shareholders, depositors, or other creditors of those regulated institutions. Thereupon, any or all of the regulated institutions shall be subject to special regulation by the director, until the governor, by like proclamation, declares the period of banking emergency terminated. Any action taken or order issued by the director in any of the following sections in this chapter shall, in each instance, be taken only with the approval of the governor.
History of Section.P.L. 1995, ch. 82, § 51.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-13 - Banking Emergencies
Section 19-13-1. - Proclamation of emergency.
Section 19-13-2. - Suspension of payment of deposits.
Section 19-13-3. - Segregation of new cash deposits.
Section 19-13-4. - New deposits other than cash.
Section 19-13-5. - Bank holidays.
Section 19-13-6. - Conformity to federal law.
Section 19-13-7. - Violation of orders or rules.
Section 19-13-8. - Costs and expenses.
Section 19-13-9. - Emergency measure.
Section 19-13-10. - Emergency powers of the director.
Section 19-13-11. - Rules and regulations.